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Flauer [41]
3 years ago
12

A small barber shop has a single chair and an area for waiting, where only one person can be in the chair at a time, and no one

leaves without getting their hair cut. So the system is roughly: Entrance → Wait → Haircut → Exit Assume customers arrive at the rate of 10 per hour and stay an average of 0.6 hour. What is the average number of customers in the barber shop? (Round your answer to 1 decimal place.)
Business
1 answer:
AleksandrR [38]3 years ago
6 0

Answer:

There are 6 customers in the barber shop on an average.

Explanation:

As per the Little's law, the average number of costumers or individuals in a system (L) can be calculated by multiplying the average arrival rate (λ) and the average time each customer spends in the system (W).

The algebraic expression, is as follows:

L = λW

Here,

L=inventory or average number of customers in the system.

λ=arrival rate = 10

W=flow time average customer spends in the system = 0.6

L = 0.6 * 10 = 6

Thus, there are 6 customers in the barber shop on an average.

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katen-ka-za [31]

Answer:

The decrease in production, is the right answer.

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On the basis of the research it has gathered on consumer perceptions, the tests it has conducted, and competitive considerations
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Answer:

1) the product launch

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6 0
3 years ago
Sales total $500,000, and fixed costs total $300,000. The contribution margin ratio is 68%. Profit = $
marin [14]

Profit = $40,000

Given,

Total sales are $500,000

Total fixed costs are $300,000

Contribution margin ratio is 68%

Solution:

Profit = Total Sales × Contribution margin ratio − Total Fixed costs

         = $500,000 × 68% − $300,00

           =$340,000 −$300,000

Profit =$40,000

Profit:

Profit; also known as net income is the financial gain acquired when the amount of revenue generated by a company exceeds costs and expenses. Profit is the bottom line of a company′s income statement that shows the financial performance during the period.

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brainly.com/question/18594744

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8 0
1 year ago
If the company wishes to increase its total dollar contribution margin by 30% in 2020, by how much will it need to increase its
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Answer:

$35,400

Explanation:

The computation of the increase in sales is shown below:

The Total sales value is

= Number of units sold × selling price per unit

= 2,950 units × $40 per unit

= $118,000

Now if the contribution margin increases by 30, so ultimately the sales is also increased by 30%

Therefore, the increase in sales is

= $118,000 × 30%

= $35,400

7 0
3 years ago
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